1705 Holds Again

After a long day of boxing and shipping hats, I'm glad to finally sit down and bang out an update. Lots to talk about but not very much time. Let's get to it.

First and foremost, don't ya just love support that holds and holds and holds? $1705 gold is just that. The significance of that level goes all the way back to September. Here are some of the charts we've used in the time since:

paper_9-27pmgold_0.jpgpaper_10-11goldd_0.jpg

paper_10-14amgold_0.jpgpaper_11-27gold_0.jpg

And now here's today. Gold once again held 1705 as support and looks to go challenge 1740.

paper_12-6pmgold.jpg

I found it interesting that, this time around, silver didn't challenge $31 at the same time. I printed off a chart and look what I found. It's not much but it's something:

paper_12-6pmsilv.jpg

OK. Next up, a procedural/content question. As the war drums beat louder, I've caught myself paying closer and closer attention to the headlines of the day. I've noticed that between my prowling and the readers, we seem to stumble upon notable headlines earlier than many other "news" sites, including at times ZH. Shall I change our format a little? Currently, I create new threads only once/twice per day and those threads become "Main Street". What if I were to always make my main, PM posts "sticky" and yellow at the top of the page and then use the space below to start discussions on each new, relevant/scary headline I see? Would that be too much comment/content dilution? Let me know what you think.

Speaking of headlines, here are just a few from today:

http://www.telegraph.co.uk/news/worldnews/middleeast/iran/8936797/Irans-Revolutionary-Guards-prepare-for-war.html

http://www.debka.com/article/21545/

http://news.yahoo.com/chinas-hu-urges-navy-prepare-combat-160509787.html

http://www.washingtontimes.com/news/2011/dec/5/north-korea-making-missile-able-to-hit-us/

http://www.washingtonpost.com/blogs/blogpost/post/russian-army-troops-move-into-moscow-after-election-protests-video/2011/12/06/gIQAexPBZO_blog.html

Next, have you noticed that the TurdMart is now open for business and just in time for all of your holiday gift-giving needs?! Seriously, though, I hope you like it. It's not a finished product but there are at least a couple of items there you might enjoy. The site only makes a 10% comp on each purchase so it's never going to be a big moneymaker. It's mainly there just for fun.

http://www.tfmetalsreport.com/store

One last thing. By now, many of you have noticed the biblical "address" at the bottom of each page. I'm not trying to make a religious statement with it. It's simply something that has helped me through some challenging times in my life. Well I ran into a new one today and it seemed to fit perfectly with what we have created here. I won't quote it in this post because I think it would be more fun for you to discover it yourself. When you have a moment, look up Proverbs 11:14 and let me know if you think the wisdom of the verse is worth including on the homepage somewhere.

Have a great day. I look forward to getting your feedback in the comments section. TF

179 Comments

GoldMania3000's picture

also..

looks like the EU/ECB, et al are on the verge of a printing deal...could be powerful

roadtoruin's picture

tanks mang!

tanks mang!

dumpstergourmet's picture

Hi-Yo...

Silver! Awaaaaay........

buzlightening's picture

All Ezero hype.

How many times we get the same old rumors regurgitated out of the Ezero?  Whatever benron has to say 12/13 fomc it'll be sell the news or anti climatic.  Maybe a 4-5 trillion QE print.  Heaven knows he's ben handing off trillions under the table to primary dealers; probably the bulk of this hot money inflow DOW run.  The whole Santa rally looks like one big black magic last gasp of a collapsing system.  Dow still above 12K after the January effect, approx 1/20/2012, I'll believe bunrokio dead head feds still have control.  Looking ever so sketchy

Swift Boat Vet's picture

Proverbs

That is an excellent verse, but I believe verse 1 totally befits your fine site.

Proverbs 11

1 The LORD detests dishonest scales,
but accurate weights find favor with him.

Swifty

RaRaRasputin's picture

Turd

Great content as always.  Drums beat louder - could you find yourself shackled to your Macbook trying to keep up and keep abreast with new threads for every topic?  Love what you do now where you comment on the main thread with any 'new' news you have come across (unless I've completely misunderstood you).

Just my sov's worth & awaiting the arrival of BTFD tee's and a big signed yellow stetson!

RaRa

Lightning's picture

Re: Proverbs 11:14

You can never go wrong by following the wisdom of Solomon, the wisest man of all time. 

saulysw's picture

I love you just the way you are...

OK. Next up, a procedural/content question. As the war drums beat louder, I've caught myself paying closer and closer attention to the headlines of the day. I've noticed that between my prowling and the readers, we seem to stumble upon notable headlines earlier than many other "news" sites, including at times ZH. Shall I change our format a little? Currently, I create new threads only once/twice per day and those threads become "Main Street". What if I were to always make my main, PM posts "sticky" and yellow at the top of the page and then use the space below to start discussions on each new, relevant/scary headline I see? Would that be too much comment/content dilution? Let me know what you think.

I like things the way they are.

The issue is more of "number of pages of comments". You don't want that to get more than, say, 10 pages max. Otherwise, you open it up and know that it'll take hours to read them all. Even 5 might be a good ballpark. The time it gets there depends on the popularity of the post, of course, but if I was you I would base my posting cycle on that.  

NW VIEW's picture

Proverbs11:14 @ Mr. T.F.

Yes being surrounded by lots of great international minds will bring safety and wisdom to the board.  

beardeus's picture

Just in case this was

Just in case this was missed.

Report: Bill Clinton Reaped Big Bucks from Corzine Firm Before Collapse

tmosley's picture

Yo Turd, If you want to talk

Yo Turd,

If you want to talk about that stuff, do it in the forums.  It will liven the place up.  Maybe put a link on the main page to the threads you start on a given news story if you want a front page presence.

I'd keep the front page devoted to silver news and commentary.

iceman321's picture

CNBS

If I hear CNBS call gold a risky asset one more time I'm going to lose my freakin mind!!!!

GLD +21% YTD.

pourty's picture

Agree with others here

Agree with others here, I'd like to see the front page remain the same, maybe put a link to a new headline-based page or a place in the forums for the other stuff.  I think mainstreet is working pretty well and wouldn't like to see it become unfocused.

Turd Ferguson's picture

RaRa, I just shipped yours

MODERATOR

RaRa, I just shipped yours this morning. So long as it doesn't run afoul of any U-boat traffic, you should get it in a week or so.

Response to: Turd
bernard's picture

I would like to see more

I would like to see more content run through this place-- there is so much interesting news going on, and often times ZeroHedge doesn't catch it or its too muddled out with lack of explanation. Keep it up Turd!

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Compare Silver Prices

ReachWest's picture

Format / Procedural Question

Thanks for the update. Silver is certainly looking interesting this afternoon.

As far as the idea of changing the format up a bit to include a "Sticky" post re PM's above all the other news centric posts - I, for one, like the idea. I know some folks say they don't want the Main Street area to include anything other than PM info - But - I believe these news issues we are talking about (certainly the potential conflicts in the MENA area) are absolutely pivotal to the economy and ultimately to Gold and Silver.

News is changing frequently hour by hour and Turdville certainly seems to be one of the best places to go and get a quick up-to-the-minute view of what's happening.

cris's picture

An abundance of couselors

Proverbs 11:14

English Standard Version (ESV)

14Where there is(A) no guidance, a people falls,
   but in an abundance of counselors there is safety.
 
Turd, you have done well by forming a community in which we all have "an abundance of counselors" for the hard times ahead.
 
I would suggest, as other have, that perhaps you yourself consider making a presence in the forums.  Start some threads, participate in others.  Keep the PM stuff on Main Street.  But get down and dirty with the rest of us in the forums.  Perhaps use a pen name -- it would be interesting to see how the moderators react (if they did not know it was you)!
¤'s picture

TF

Regarding news content and the amount that is generated  on here. I can crank it out at times and have held back at times also. (everyone's eye's just rolled there)  I hear ya'.

I was going to start a news thread this weekend and maybe you just provided the bump. I'll  do so later and post the thread here.  Maybe it will help consolidate the news a bit and let me be the newsie I am.  I like doing it.

Ultra86's picture

TurdMart Rules

One BTFD hat ordered. FRESH.

aether's picture

Proverbs 22:7

im not religious, but i like to tell my christian friends about this one:

Proverbs 22:7

The rich rule over the poor, and the borrower is servant to the lender.

then i ask if they are in debt...

Boardwalk's picture

Keep the News. . .

. . . .and the religion where they belong - in the forums.

RaRaRasputin's picture

Thanks Turd

I would hate for it to get lost in a boating accident! ;)

Moderator Jane's picture

Here's another thought re: News

MODERATOR

How about we just make a separate section for news items?

I realize the top nav bar is getting crowded, but we can move "About" and "Contact" to the footer and put a "News" button up at the top. The news items can go in there.

If Turd is open to it, perhaps we could get a few community news contributors to volunteer to post some links up as well.

Home page would otherwise remain the same.

TheGoodDoctor's picture

Study documents desperate

Study documents desperate conditions facing the unemployed in America

http://www.wsws.org/articles/2011/dec2011/unem-d05.shtml

Kind of grim.

Teahupoo's picture

Verse

Proverbs 11:14 is great. I'm encouraged for sure with the Luke 12:22-34. Everyone needs that reminder! Thanks for your selflessness Turd.

beach_bum's picture

Keep it as it is Turd

I think you may find things will get too splintered if there are 5 threads a day with people posting in each. I'd hate to miss a good post because I didn't get to that one blasted news thread. When there is more news than usual, just paste links as you have been, or maybe have a separate place as some have suggested. Just my 2 cents...

TheGoodDoctor's picture

I'm not sure what this means

I'm not sure what this means but those of you who have miners I have been noting some moves up and down in some them the past couple of weeks. They go up and down with some regularity. Hecla, Endeavour Silver, Silver Corp. and Nova Gold. And sometimes this group includes El Dorado and Kinross. Just wondering if anyone else has been noticing this volatility. Usually swings of 25 cents to 50 cents or better.

Turd or someone with some better charting knowledge than me, what are you seeing? Thanks in advance!

GoldMania3000's picture

santa claus is coming to town

$2000 Is Coming Into View

My Dear Extended Family,

Gold surprised the growing army of bears today. Soon it is going to resolve this symmetrical formation (the angles are beautiful) and when it does it is going to be wild.

I buy the dips because I am certain that $2000 is coming into view. Regardless, hold your Gold insurance close to your chest and not at Fast Eddie’s Clearing House.

Regards,
Jim

RedRover's picture

(No subject)

justin99975's picture

thanks for the post turd

i think you do a great job working headlines into your post.  and there are many awesome folks here that do great service to us all by posting what's going on in the crazy world.

this place is terrific as is!

keep up the good work, and thanks to all for educating and informing.

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